CBN Extends Mandatory PoS Geo-Fencing Deadline and Expands Operational Radius
The Central Bank of Nigeria (CBN) has officially announced an extension for the mandatory geo-fencing compliance directive targeted at Point-of-Sale (PoS) terminals across the country. According to a recent circular signed by Rakiya Mohammed, Director of the Payments System Supervision Department, commercial banks and payment service operators now have until August 1, 2026, to fully … Read more